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SUMMARY
The coworking space provider’s IPO solely consists of a fresh issue of shares of 2.35 Cr, a 15% reduction of 2.75 Cr fresh issue proposed in its DRHP
From the capital raised via the IPO, DevX plans on utilising INR 73.1 Cr for fit-outs of four new centres and INR 35 Cr for repayment or pre-payment of certain borrowings taken
For the full fiscal year FY25, DevX’s net profit stood zoomed over 3X YoY to INR 1.7 Cr while operating revenue surged 47% YoY to INR 108.1 Cr
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